Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $44.51 USD
Change Today +0.36 / 0.82%
Volume 275.0K
LTC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

ltc properties inc (LTC) Key Developments

LTC Properties, Inc. Declares Common Stock Cash Dividend for the Months of April, May and June 2015, Payable on April 30, May 29 and June 30, 2015, Respectively

LTC Properties Inc. announced that it had declared a monthly cash dividend on its common stock for the second quarter of 2015. The company declared a monthly cash dividend of $0.17 per common share per month for the months of April, May and June 2015, payable on April 30, May 29 and June 30, 2015, respectively, to stockholders of record on April 22, May 21 and June 22, 2015, respectively.

LTC Announces Completion, Opening of New Memory Care Community in Denver Metro Area

LTC Properties Inc. announced the completion and opening of a new 60-unit memory care community located in Westminster, Colorado and serving the Denver metropolitan area.

LTC Properties Seeks Acquisitions

Clint Malin, Chief Investment Officer LTC Properties Inc. (NYSE:LTC) replied about investment opportunities on the SNF and appetite for acquisitions, "Yes, we're still very bullish in looking at skilled opportunities. And, we have some in our pipeline that were looking at. Pricing is probably somewhere in the 8.5% to 9% range, for skilled assets of a certain quality. So, it's something that were still actively looking at, and think that the risk-adjusted return on skilled is very positive."

LTC Properties, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Audited Consolidated Earnings Results for the Full Year Ended December 31, 2014; Provides Fund Flow Guidance for the Year 2015

LTC Properties Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues were $30,755,000 compared to $28,593,000 for the same period a year ago. Operating income was $17,181,000 compared to $14,650,000 for the same period a year ago. Income from continuing operations was $21,000,000 compared to $14,650,000 for the same period a year ago. Net income was $21,000,000 compared to $14,650,000 for the same period a year ago. Net income available to common stockholders was $20,043,000 compared to $13,732,000 for the same period a year ago. Net income available to common stockholders per share was $0.57 compared to $0.40 for the same period a year ago. Diluted earnings per common share from continuing operations were $0.57 compared to $0.40 for the same period a year ago. FFO available to common stockholders was $22,818,000 compared to $19,969,000 for the same period a year ago. Normalized FFO available to common stockholders was $22,818,000 compared to $21,949,000 for the same period a year ago. Normalized adjusted FFO was $22,026,000 compared to $21,159,000 for the same period a year ago. Diluted FFO available to common stockholders per share was $0.64 compared to $0.57 for the same period a year ago. Diluted FFO available to common stockholders $23,775,000 compared to $20,887,000 for the same period a year ago. Diluted normalized AFFO was $22,983,000 compared to $22,077,000 for the same period a year ago. Diluted normalized AFFO per share was $0.62 compared to $0.60 for the same period a year ago. The increase in FFO was primarily due to higher revenues from mortgage loan originations, acquisitions and completed development projects. Additionally, the 2013 period included a one-time non-cash provision for loan loss reserve related to a mortgage loan origination and write-off of straight-line rent, partially offset by higher interest expense related to the sale of senior unsecured notes. The increase in normalized FFO was due to higher revenues from mortgage loan originations, acquisitions and completed development projects, partially offset by higher interest expense related to the sale of senior unsecured notes. The increase in net income available to common stockholders was primarily due to a gain on sale of 16 assisted living properties, as previously announced, an increase in revenues from mortgage loan originations, acquisitions and completed development projects. Additionally, the 2013 period included the one-time non-cash provision as detailed above. Revenues for the quarter increased nearly 8% or $2.2 million year-over-year, primarily reflecting investments made in the second half of 2013, along with completed development and capital improvement projects in 2014. During the quarter, the company invested $11.8 million in properties under development and capital improvement projects at a weighted average yield of 8.9%. For the full year, the company reported total revenues were $118,961,000 compared to $104,974,000 for the same period a year ago. Operating income was $68,440,000 compared to $55,405,000 for the same period a year ago. Income from continuing operations were $73,399,000 compared to $55,405,000 for the same period a year ago. Net income was $73,399,000 compared to $57,815,000 for the same period a year ago. Net income available to common stockholders was $69,645,000 compared to $54,159,000 for the same period a year ago. Net income available to common stockholders per share was $1.99 compared to $1.63 for the same period a year ago. Diluted earnings per common share from continuing operations were $1.99 compared to $1.56 for the same period a year ago. FFO available to common stockholders was $90,215,000 compared to $77,260,000 for the same period a year ago. Normalized FFO available to common stockholders was $90,215,000 compared to $79,947,000 for the same period a year ago. Normalized adjusted FFO was $88,054,000 compared to $76,652,000 for the same period a year ago. Diluted FFO available to common stockholders per share was $2.55 compared to $2.29 for the same period a year ago. Diluted FFO available to common stockholders was $93,969,000 compared to $80,916,000 for the same period a year ago. Diluted normalized AFFO was $91,808,000 compared to $80,308,000 for the same period a year ago. Diluted normalized AFFO per share was $2.49 compared to $2.27 for the same period a year ago. Adjusted EBITDA was $107,097,000 against $92,280,000 a year ago. Normalized EBITDA was $107,097,000 against $94,967,000 a year ago. Incorporating into 2015 transactions closed in the fourth quarter of 2014 and transactions that have closed in the first quarter of 2015, guidance for FFO is between $2.57 and $2.59.

LTC Properties Inc. to Report Q4, 2014 Results on Feb 26, 2015

LTC Properties Inc. announced that they will report Q4, 2014 results at 10:00 PM, GMT Standard Time on Feb 26, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
LTC:US $44.51 USD +0.36

LTC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Healthcare Realty Trust Inc $26.96 USD +0.08
Medical Properties Trust Inc $14.67 USD +0.07
National Health Investors Inc $69.49 USD +0.50
Sabra Health Care REIT Inc $31.23 USD +0.18
Universal Health Realty Income Trust $53.29 USD +0.23
View Industry Companies
 

Industry Analysis

LTC

Industry Average

Valuation LTC Industry Range
No financial data is available for LTC.
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact LTC PROPERTIES INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.